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Find what is the effect if a certain company fail to take up

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Reference no: EM132789611

Problem 1: What is the effect if a certain company fails to take up accrued income on bond investment carried at amortized cost to the following accounts: Asset; Expense; Income?

a. Understated; No effect; Understated
b. Overstated; Overstated; Overstated
c. Overstated; No effect; Overstated
d. Understated; Understated; Understated

Reference no: EM132789611

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